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Property profile & analytics
OFF-MARKET
Office Spaces
128 Warren St C, Lowell, MA 01852-2284
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-1345278
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,760 SF
Zoning code
DMU
APN
LOWE M:179 B:6135 L:128 U:C
UPID
US38-1345278
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Gavin & Sullivan Architects Architect
-
CEA Solar Production Facility
-
NRGTree Financial Advisor
-
Bagshaw Mills Condominium Complex
-
Caveney Architectural Collaborative Architect
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Concord River LLC · 2 yrs held
Concord River LLC
since 2024
Last sale
$150,000
6 recorded transactions
Zoning & alternative use
DMU · Lowell, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lowell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lowell submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$3,751
Tax year 2024
Assessed value
$161,200
Assessed 2024
Previous assessed
$156,300
+3.1% YoY
Effective rate
2.33%
On assessed value
Assessed improvement
$161,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Total area
1,760 SF
Zoning code
DMU
APN
LOWE M:179 B:6135 L:128 U:C
UPID
US38-1345278
Jurisdiction
LOWELL
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
DMU · Lowell, MA
Zoning DMU · permitted uses
DMU · Lowell, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lowell. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Current owner
From public records · entity-resolved
Concord River LLC
Entity
Mailing address
128 WARREN STC, LOWELL, MA 01852-2284
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2024
$150,000
Concord River LLC
Baby Doll T
Condominium Deed
—
Feb 8, 2023
—
Baby Doll T
Thomas J Caveney
Condominium Deed
—
Dec 6, 2006
—
Wahsgab Mass Nt
—
Deed Of Trust
related
$100,000 · Wahsgab Mass Nt
Dec 21, 2005
—
Nets Inctr
—
Deed Of Trust
related
$203,660 · John F Sullivan
Jun 5, 2003
$150,000
Nets INC
Sullivan,john F JR
Grant Deed
$150,000 · John F Sullivan JR
Apr 26, 1994
$4,974
Bagshaw Mills Condo Tr
Sullivan,edward P
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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